Independent auditor’s report

for the year ended 29 February 2012

 

TO THE SHAREHOLDERS OF PICK N PAY HOLDINGS LIMITED

Report on the abridged annual financial statements

The accompanying abridged (summarised) Company and Group annual financial statements of Pick n Pay Holdings Limited, which comprise the statements of financial position at 29 February 2012 and the statements of comprehensive income, changes in equity and cash flows for the year then ended and summarised related notes, are derived from the Company and Group annual financial statements of Pick n Pay Holdings Limited for the year ended 29 February 2012.

We expressed an unmodified opinion on those Company and Group annual financial statements in our auditor’s report dated 10 May 2012.

The summarised annual financial statements do not contain all the disclosures required by International Financial Reporting Standards applied in the preparation of the Company and Group annual financial statements of Pick n Pay Holdings Limited. Reading the summarised annual financial statements, therefore, is not a substitute for reading the annual financial statements.

Directors’ responsibility for the abridged financial statements

The directors are responsible for the preparation of the summarised Company and Group annual financial statements on the basis described in the related notes on here.

Auditor’s responsibility

Our responsibility is to express an opinion on the summarised Company and Group annual financial statements based on our procedures, which were conducted in accordance with International Standard on Auditing 810, Engagements to Report on Summary Financial Statements.

Opinion

In our opinion, the summarised Company and Group annual financial statements derived from the Company and Group annual financial statements of Pick n Pay Holdings Limited for the year ended 29 February 2012, are consistent, in all material respects, with those financial statements, on the basis described in the related notes on here.

KPMG Inc.
Registered Auditor

Per Patrick Farrand
Chartered Accountant (SA)
Registered Auditor
Director

10 May 2012

MSC House
Mediterranean Street
Cape Town
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